WASHINGTON, N.C., Nov. 18, 2015 /PRNewswire/ -- First South
Bank (the "Bank"), the wholly owned subsidiary of First South
Bancorp, Inc. (NASDAQ: FSBK), successfully completed the relocation
of its office in the Biggs Park Center in Lumberton, North Carolina to a newly
constructed office at 4309 Fayetteville Road in Lumberton.
The new office was opened on Monday,
November 9, 2015 and offers the citizens of Lumberton and Robeson County a new interactive form of
banking with a more personal and customer-focused experience
interwoven with mobile banking and digital marketing
displays. Tanner Smith, our
Market Executive in Lumberton, and
his staff are welcoming new and existing customers to visit this
new location.
The Bank is pleased to announce that we will be relocating our
office at 202 Craven Street in New Bern,
North Carolina to 412 South Front Street in New Bern.
The new location is approximately two blocks from the current
location and provides ample parking, drive through banking
capabilities, and an ATM. The relocation is anticipated to
take place after the close of business on Friday, December 4, 2015, with the new office
opening Monday, December 7,
2015. Our Market Executive Brent
Davis and his team look forward to welcoming new and
existing customers, as well as partnering with the Farmers Market
to offer a great customer and community experience. In other
New Bern news, First South Bank
has joined forces with the New
Bern Chamber of Commerce to promote Eat, Buy and Be Local
Day on Saturday, November 28,
2015. We hope you will join us in supporting area
businesses.
The Bank is also pleased to announce the opening of a Loan
Production Office ("LPO") in Williamston,
North Carolina on Monday, November
16, 2015. The office is located at 1067 US Highway 17
South Suite #136 in Williamston. Dwayne Baker, Mary
Katherine Saunders and Anna
Uzzell, formerly with BB&T, and Fran Bonds, formerly with Yadkin Bank, are all
experienced bankers and ready to help businesses and individuals in
Williamston, Martin County and surrounding communities with
their financing needs. We anticipate converting the LPO into
a full-service branch office on Monday,
November 30, 2015, providing deposit accounts and teller
services in addition to loan products.
After a careful consideration the Bank has elected to close
three existing offices located in Kitty
Hawk, Kenansville and
Grantsboro, North Carolina.
We look forward to continuing to serve the customers from
these affected locations at our nearby offices located in
Kill Devil Hills, Wallace and New
Bern, North Carolina. These offices are anticipated to
close at the end of the business day on Friday, February 12, 2016.
First South Bank has been serving the citizens of eastern and
central North Carolina since 1902
and offers a variety of financial products and services, including
a Leasing Company. In addition, securities brokerage services
are made available through an affiliation with an independent
broker/dealer. First South Bank operates through its main office
headquartered in Washington,
North Carolina, and after the
completion of the aforementioned activities, will operate 30 full
service branch offices located throughout eastern and central North
Carolina.
First South Bancorp's common stock is listed on the NASDAQ
Global Select Market under the symbol "FSBK". Additional
corporate information, product and service descriptions and online
services are available to investors and customers through First
South Bank's website at www.firstsouthnc.com.
Statements contained in this release, which are not historical
facts, are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently
anticipated due to a number of factors which include the effects of
future economic conditions, governmental fiscal and monetary
policies, legislative and regulatory changes, the risks of changes
in interest rates, the effects of competition, and including
without limitation to other factors that could cause actual results
to differ materially as discussed in documents filed by the Company
with the Securities and Exchange Commission from time to time.
(NASDAQ: FSBK)
For More Information Contact:
Bruce Elder, CEO
(252)-940-4936
Website: www.firstsouthnc.com
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SOURCE First South Bancorp, Inc.